Netflix Revenues Up 18 Percent in Q4, 16 Percent in Full Year 2025

Netflix reported that it earned a net income of $2.4 billion on revenues of $12 billion in the quarter ending December 31, 2025. Those figures represent gains of 23 percent and 18 percent, respectively, year-over-year (YOY).

The streaming giant also disclosed its annual financial results with a net income of $11 billion on revenues of $39 billion for all of calendar and fiscal year 2025. Those figures represent a decline of 26 percent and a gain of 16 percent, respectively, YOY.

Netflix now has over 325 million paying subscribers, a gain of 7.2 percent YOY.

“With over 325 million paid memberships, we’re now serving an audience approaching one billion people globally,” Netflix’s letter to shareholders reads. “Our aim is to delight and satisfy all of them by providing an amazing variety of series, films, and games so they stick around longer, recommend Netflix to others, and place a higher value on our service. Engagement remains one proxy to measure the health of the business.”

Netflix met or exceeded expectations across the board. It says that view hours hit 96 billion hours overall in 2025, with an increase of 2 percent YOY in the second half of 2025 and a 9 percent rise in the viewing of branded originals. Some of its most-watched content includes Stranger Things, with 120 million views, Frankenstein (102 million views), A House of Dynamite (78 million), Wake Up, Dead Man: A Knives Out Mystery (66 million), The Perfect Neighbor (50 million), and Emily in Paris (41 million).

For 2026, Netflix says it plans to improve the core business by increasing the variety and quality of series and films, enhancing its product experience, and further growing its ads business. Newer initiatives will include live events, including the World Baseball Classic in Japan, an expansion into more content categories like video podcasts, and scaling its cloud-first games strategy.

Netflix also plans to close its acquisition of Warner Bros. this year.